Volkswagen plans electric vehicle plant with JAC in China: local government

German automaker Volkswagen AG's joint venture with China's Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory in eastern Hefei city, according to local authorities.

Nokia plunges to surprise quarterly loss, shares hit six-month low

Finland's Nokia plunged to a surprise quarterly loss after it failed to supply 5G telecoms equipment in time, and said the security dispute surrounding rival Huawei was creating pressure to invest as customers reassess their suppliers.

Wirecard seeks to refocus on growth after audit approval

German payments company Wirecard sought on Thursday to refocus on growth after securing audit approval of annual results which had been delayed by allegations of fraud and false accounting at its Singapore office.

UK PM May clear protecting national security information is of highest importance: spokesman

British Prime Minister Theresa May is clear the protection of information on national security matters is of the highest importance, her spokesman said on Thursday.

UK minister: Huawei discussion leaks 'unacceptable', criminal investigation possible

British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the "unacceptable" disclosure of confidential discussions on the role of China's Huawei Technologies in 5G network supply chains.

Uber back on the road in Slovakia after court ban

Uber resumed operations in Slovakia's capital Bratislava on Thursday, a year after a court ban, the ride-hailing company said.

UK 5G supply chain review will report when ministers have made decisions: minister

The British government's review of the 5G supply chain will report its conclusions once ministers have made a decision but National Security Council conversations should be confidential, culture minister Jeremy Wright said on Thursday.

Volkswagen to build electric vehicle plant with JAC in China: local government

German automaker Volkswagen AG's joint venture with China's Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.83 million) in a new electric car factory in the eastern Chinese city of Hefei, according to local authorities.

Britain will not use high-risk vendors in critical parts of 5G networks: minister

Britain will not consider high risk equipment vendors in security critical parts of its next-generation 5G networks, Cabinet Office minister David Lidington said on Thursday.

SoftBank invests in Alphabet business for cellphone antennas in the sky

A SoftBank Corp subsidiary said on Wednesday it had invested $125 million in an Alphabet Inc company that is working to fly cellphone antennas high in the atmosphere to provide internet in areas that are difficult to reach.

Nokia plunges to surprise quarterly loss, shares slump

Finnish telecom network equipment maker Nokia plunged to a surprise quarterly loss due to a delay in booking 5G payments and said on Thursday the security dispute surrounding rival Huawei was creating near-term pressure to invest.

Spotify loses access to major Indian label

Music streaming service Spotify Technology SA said it will remove all songs belonging to one of India's oldest record labels from its app after they failed to agree on licensing terms, months after the Swedish company's launch in the country.

Japan's Zozo sees profit recovering this year after bodysuit blunder

Japanese online fashion retailer Zozo Inc said it expects its profit to recover in the current fiscal year, after booking its first-ever annual drop in earnings on a failed experiment with bespoke tailoring and clashes with fashion brands.

Nokia reports surprise first quarter loss, sees pressure in second half

Finnish telecom network equipment maker Nokia reported a surprise quarterly loss on Thursday, citing hard competition in its core networks business.

Panasonic may upgrade Japan plant to make advanced Tesla batteries: source

Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle (EV) maker, a person familiar with the matter told Reuters on Thursday.

SoftBank invests $125 million in Alphabet venture to put cellphone antennas in the sky

A SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on Wednesday it was investing $125 million in an Alphabet Inc spinoff working on the same problem.

Tesla's Musk 'sees merit' in capital raise, vows profit in third quarter after large loss

Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third.

Tesla's Musk 'sees merit' in capital raise, vows profit in Q3 after large loss

Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third.

Tesla solar installations slide 36 percent in first quarter

Tesla Inc on Wednesday reported a 36 percent slide in solar installations and said it had implemented a new selling strategy months after ending a partnership to sell the rooftop systems in busy Home Depot stores.

Microsoft tops $1 trillion as it predicts more cloud growth

Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business.